Elastic NV Aktie News

Elastic stock slid late Thursday, despite the enterprise data software company's Q3 earnings and sales beat.

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch®, announced financial results for its third quarter of fiscal 2024 ended January 31, 2024. Third Quarter Fiscal 2024 Financial Highlights Total revenue was $328 million, an increase of 19% year-over-year, or 18% on a constant currency basis Elastic Cloud revenue was $143 million, an increase of 29...

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch®, announced that its management will present at the Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 6, 2024 at 8:45 a.m. PT / 11:45 a.m. ET. A live webcast and replay of the event will be available on Elastic's Investor Relations page at ir.elastic.co. About Elastic Elast...

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch®, announced that it will release its financial results for its third quarter fiscal 2024 ended January 31, 2024 after the U.S. market close on Thursday, February 29, 2024. The company will host a conference call at 2:00 p.m. PT/ 5:00 p.m. ET that day to review its financial results and business ou...

Snowflake stock led as enterprise software firms jumped higher following strong cloud results from Amazon and Microsoft.

Elastic stock has surged in recent months as the company has focused on bringing those companies into the generative AI era.

Broadcom and MercadoLibre are among stocks trading around buy points as the market rally shows resilience.

Elastic's significant strides in profitability improvement, with an estimated 65% year-over-year increase to approximately $230 million in fiscal 2025, form a compelling basis for a bullish outlook. Despite facing challenges like slowing revenue growth rates, ESTC's innovative adeptness in optimizing deployments for existing customers positions it well. While the stock's multiple has compressed...